Ancient Bridle
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"A mysterious bridle made with forgotten ancient technology. Equipping a horse with this will maximize their abilities, increasing the number of spurs associated with them."
The Ancient Bridle is a piece of Horse Armor which appears in Breath of the Wild and was released as a part of the second DLC expansion for the game: 'The Champions' Ballad'.
Breath of the Wild
The Ancient Bridle, along with the Ancient Saddle, is acquired as part of the EX Ancient Horse Rumors side quest. When equipped, it increases the spurs available when riding by two. However, some horses, such as the Giant Horse or Epona, are unable to wear the Ancient Bridle.
Location
Over at the Highland Stable, Link will find the Super Rumor Mill V3 on the table, which hints at the location of the Ancient Bridle. The rumor mill give Link the hint that the Ancient Bridle is located south of Hyrule Ridge, beneath a cherry blossom tree at a mountain.[1] The hint refers to Satori Mountain where there is a cherry tree just on the north side of the peak. Use Magnesis to pull the treasure chest out of the ground and get the Ancient Bridle.
Check out the Interactive Map for a more precise location.
Aside from its particular boosting effects, just like all horse gear items in the game, this gear part does not provide protection for the horse, and it serves mainly cosmetic purposes.
Found on top of Satori Mountain. 
Use Magnesis to pull it up.
Gallery
Pre-release image of the armor
Location of the Ancient Bridle
Information displayed when obtaining the Ancient Bridle
